YETI (NYSE:YETI) PT Lowered to $45.00

YETI (NYSE:YETIGet Rating) had its target price reduced by research analysts at UBS Group to $45.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. UBS Group’s price objective would suggest a potential upside of 4.90% from the stock’s previous close.

Several other equities analysts also recently weighed in on YETI. BTIG Research dropped their target price on shares of YETI from $93.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 21st. Piper Sandler lifted their price target on shares of YETI from $48.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. Citigroup lifted their price target on shares of YETI from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 11th. KeyCorp downgraded shares of YETI to a “sector weight” rating in a report on Tuesday, July 19th. Finally, Robert W. Baird lowered their price target on shares of YETI from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, November 11th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, YETI has a consensus rating of “Moderate Buy” and an average target price of $59.00.

YETI Stock Performance

NYSE:YETI opened at $42.90 on Wednesday. The company has a current ratio of 2.34, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $33.16 and a two-hundred day moving average price of $40.84. YETI has a twelve month low of $27.86 and a twelve month high of $107.10. The company has a market capitalization of $3.70 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.34 and a beta of 2.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of YETI. Spire Wealth Management acquired a new position in YETI during the second quarter valued at approximately $27,000. Cordasco Financial Network lifted its position in YETI by 333.3% during the second quarter. Cordasco Financial Network now owns 650 shares of the company’s stock valued at $28,000 after buying an additional 500 shares in the last quarter. Signaturefd LLC lifted its position in YETI by 61.4% during the first quarter. Signaturefd LLC now owns 581 shares of the company’s stock valued at $35,000 after buying an additional 221 shares in the last quarter. Lindbrook Capital LLC lifted its position in YETI by 3,654.5% during the second quarter. Lindbrook Capital LLC now owns 826 shares of the company’s stock valued at $36,000 after buying an additional 804 shares in the last quarter. Finally, CWM LLC lifted its position in YETI by 71.8% during the second quarter. CWM LLC now owns 912 shares of the company’s stock valued at $39,000 after buying an additional 381 shares in the last quarter. 99.64% of the stock is owned by institutional investors and hedge funds.

About YETI

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YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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